Mahindra Lifespace Developers is currently trading at Rs. 355.05, up by 3.70 points or 1.05 % from its previous closing of Rs. 351.35 on the BSE.
The scrip opened at Rs. 357.00 and has touched a high and low of Rs. 357.00 and Rs. 355.05 respectively. So far 53 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 454.15 on 15-Oct-2019 and a 52 week low of Rs. 349.80 on 02-Mar-2020.
Last one week high and low of the scrip stood at Rs. 388.00 and Rs. 349.80 respectively. The current market cap of the company is Rs. 1833.60 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 24.17% and 24.31% respectively.
The Ministry of Commerce and Industry (MOCI) has granted approval to Mahindra World City Developers (MWCDL), a subsidiary of Mahindra Lifespace Developers and the developer of the SEZ at Mahindra World City, Chennai, for partial denotification of 55.90 hectares (De-notified Land) in the non-processing area. This De-notified Land is a part of approximately 89 hectares which was leased earlier to another subsidiary of the company, Mahindra Integrated Township for undertaking residential developments in the part of non-processing area.
Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.
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